The move is primarily an attempt to keep activist shareholders and populist politicians at bay.
Disturbing evidence has emerged suggesting that, overall, the global financial system is no safer today than it was in 2007.
Not only has the problem of short-termism been woefully exaggerated, but the policy proposals for addressing it are severely lacking.
The “off-ramp” from Dodd-Frank regulation would be for banks that willingly increase their available capital.
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